An immediate annuity is a product sold by insurance companies that is designed to provide you with an income stream for life. The income, by definition, is designed to start immediately, although some immediate annuities allow you to defer payments for up to one year. It is very important to remember that once you set up an immediate annuity, you no longer control the money you put in it.
Likewise, while the income stream is guaranteed for your lifetime, an untimely death will not result in any money being returned to your estate. This calculator is designed to help you estimate your monthly payments from an immediate annuity.
* Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
We understand that financial decisions can be complex. If you have questions or need clarification, reach out to our team of experienced professionals.
A Retirement Income Calculator is a tool to assist in planning retirement by estimating future income needs.
A Fixed Annuity Calculator is a financial tool that helps individuals estimate the future value of a fixed annuity investment.
It allows users to input various variables such as initial investment, contribution frequency and expected rate of return.
This calculator allows users to input details like withdrawal amount, the surrender period, and more to estimate values.
Our team of experienced professionals will analyze your needs and provide you with
customized recommendations tailored to your specific situation.
An Immediate Annuity Calculator is a financial tool designed to help individuals evaluate immediate annuities. Users input information like the initial investment amount, desired payout frequency (e.g., monthly or annually), and estimated life expectancy.
Immediate annuities differ from other annuity types because they begin providing payments almost immediately after the initial lump-sum investment. They can be suitable for individuals seeking a guaranteed and immediate source of income, often used for retirement planning or to cover specific financial needs.
The primary factors affecting the payout amounts calculated by an Immediate Annuity Calculator include the initial investment amount, the chosen payout frequency, and the individual's estimated life expectancy. Larger investments and longer life expectancies typically result in higher periodic payments.
Yes, most Immediate Annuity Calculators allow users to adjust input values to explore various scenarios. You can change the initial investment, choose different payout frequencies, or modify the estimated life expectancy to understand how these variables affect the calculated annuity payments.
The income projected by the Immediate Annuity Calculator is based on the information provided and any underlying assumptions. In real-life annuity contracts, the payments are guaranteed according to the terms specified in the contract. However, it's crucial to review the specific terms and conditions of the annuity offered.
We are dedicated to helping individual investors make informed annuity purchase decisions by utilizing a process that is as easy, fast, private and secure as possible.
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Annuity is your premier fixed annuities marketplace on the web, offering one-stop shopping for all your annuity rates and annuity quote needs. Browse through our user-friendly interface which simplifies the process of finding the right annuity plan.
*Rates are based on current interest rates and are subject to change at any time. Some first year yields/rates reflect the fixed rate plus a premium bonus or interest rate enhancement. Upfront bonuses are frequently subject to a vesting schedule. Not all annuities are available in all states. Surrender charges may apply to withdrawals during the surrender period. A 10% IRS penalty may apply to withdrawals prior to age 59 ½. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer.
*Annuities are not guaranteed by any bank or credit union and are not insured by the FDIC or any other federal government agency. Information presented on this website is not intended as tax or legal advice. You are encouraged to seek tax or legal advice from a qualified professional.
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